Three “V”s of Big Data – Volume, Velocity, Variability

distributechIf your attended Distributech in San Diego this year, you couldn’t miss the huge Oracle banner draped across the Marriott hotel next to the convention center at Distributech 2012 his year.  Add to this a small Oracle city on the vendor floor, and it is clear that the major vendors see continuing heavy growth in the database applications for energy utilities.

But the buzz in Big Data is not about Oracle, or IBP or SAP.  A whole raft of upstarts are appearing, seemingly out of nowhere, offering to spin huge amounts of loosely structured data into operational and marketing gold.  Most of the new folks are built on one flavor or another of Hadoop, touting the NoSQL, massivlely parallel approach to grinding through large data sets. But does a migration to NoSQL database architecture make sense in a utility context?

Today’s relational databases running on modern hardware are extraordinarily capable, tried-and-true platforms.  They do what they were designed to do very well, and a well-designed RDB installation will handle all the terabytes you can throw at it.  Notice I said well-designed.  Additionally, for those already managing large datasets, staging on a relational database means there is no re-training overhead and less technical risk involved in launching new infrastructure.

But even the major RDB players are offering NoSQL products these days, so if the Big in Big Data isn’t just data volume, what is it, and when do you need it?  Consider the three “V”s of Big Data – Volume, Velocity and Variability.  If you are looking for an ad hoc way to combine loosely-structured data from a range of disparate sources in order to pick off the best candidates for an energy efficiency incentive program, the variability of data is high, both in structure and content.  If you are monitoring system conditions and real time data streams to send out energy alerts to customer smartphones, the velocity is high. These are natural applications for NoSQL infrastructure.

On the other hand, if the data set is large but structured. as in energy market and settlement data, operational or even meter data, then a well-designed relational database is the better solution.  An RDB is more well-suited to the types of financial analytics, reporting and other functions that this type of data supports, and because the structure is consistent, these operations can be optimized to provide excellent performance.  Layer on a configurable computational engine and you have a decision support system that can run a wide range of sophisticated analysis with responsive performance over huge data sets, while maintaining full SOX auditability and reproducibility.  As with so many things, it’s a matter of choosing the technology that is appropriate for the task.

Introducing EnSuite® Market Intelligence Platform

We are pleased to announce the release of EnDimensions new generation software solution introducing:

EnSuite® Market Intelligence Platform – an advanced analytical, highly customizable and configurable, low maintenance and cost-effective solution for a wide range of data-intensive energy applications.

These are the areas where EnSuite® robust features can enhance the efficiency of data manipulations and minimize the overall costs to your organization:

  • Resource Management
  • Merchant Generation
  • Market Planning
  • Energy Trading
  • Operations and Dispatch
  • Settlements and Billing
  • Risk  Management
  • Finance and Accruals
  • Management and Executive
  • Regulatory and Compliance

Stop by EnDimensions exhibition booth at the California ISO Stakeholder Symposium held on September 5-6th in Sacramento Convention Center to see the life demonstration of our product.

We look forward to see you in person at the Symposium and to hear from you in the future.

EnDimensions Solutions Team

EnDimensions Speaks at EUCI Conference, Jan.19th, 2012

FERC EQR Redesign:
Requirements and Responsibilities

Valentine Petrov, Senior Principal Consultant speaks at EUCI Web conference on January 19, 2012.

Agenda Overview:

  • Overview of the current filing process
  • Upcoming FERC EQR filing changes
  • Organizational and workflow changes to support the new filing process
  • Review of infrastructural and software changes needed to support new filing process

Who Should Attend:

  • Energy traders
  • Utility financial and compliance personnel
  • Legal department
  • IT

For more information and to register for this web conference, please visit EUCI webpage.

EnDimensions Speaks at EUCI Conference, Nov.18th, 2011

MANAGING TRANSMISSION ACCESS CHARGES IN CAISO

Dr. Jeffrey Chapman President and Co-founder, EnDimensions, LLC and Elene Radinskaia, Partner and Chief Information Officer, EnDimensions, LLC speak at EUCI Web conference on November 18, 2011 2:30 – 4:00 p.m. Eastern Time.

Agenda Overview:

This Web conference will describe the relationships between the TAC rate and the revenue requirements of the various transmission owners within CAISO. In addition, the presenters will explain how investments in new transmission and other transmission-related expenses are recovered through TAC revenues, how these expenses impact the TAC rate, and how future transmission development will impact the TAC in CAISO.

Who Should Attend:

Those involved in the California ISO market, including:

  • Energy traders and market participants
  • Credit managers
  • Utility financial and investment personnel
  • Attorneys

For more information and to register for this webinar, please visit EUCI webpage.

EnDimensions Starts News Blog

We are starting this blog to share latest news and upcoming events at EnDimensions and around the industry. We are welcoming comments and posts from our customers and colleagues.

EnDimesnions Team